Get started

Dubai

Union Properties If anyone was following my idea on upp i had mentioned earlier it is surely on a short to mid term uptrend and it was just making new highs without correction. Anyhow 200ema did stop it and finally it did retest 200 ema and today it gave a good closing exactly above it which will act as a dynamic support now as resistance will now be a support. I think the immediate resistance is 0.292 area which it did try to cross but failed. I think tomorrow it will go more upside to close above 0.3. I am in this trade and will close the trade with good profits ;) Hit like & Follow
DFM:UPPLong
by stalkstock
Deyaar after news effectQuarterly performance was announced today the results were not as good as expected but still the stock managed to rise and close above the previous candles high. Interesting part is it opened lower today but managed to attract buyers and pushed it higher to make it a green solid candle indicating buyers are here and very much interested at this price. Todays candle have completely engulfed the previous days red candle it is a bullish pattern. I missed to notice that it broke the trendline (uptrend) and didnt not get a chance to sell it. I am still holding this stock and will keep an eye how it performs this week. More upside coming in my opinion :) Hit LIke & Follow
DFM:DEYAARLong
by stalkstock
Dubai Financial Market - Has it bottomed?Clearly it could not hold above 1900 levels and selling pressure was witnessed in early hour of trading. Interesting part is it bounced right at the 26 days tenkan sen (base line in red) which is ichimoku's important indicator and a medium term trend line. Also 1850 is a 50% fib level from the current rally. Good chances that market can bounce off from here to the next higher levels. There is also possibility that it cant hold and we may go further down to test the swing low that is 1800 level. Major news expected this week which may also direct the markets direction. Lets see how the market goes tomorrow i am still bullish on this one. Happy Trading Hit like & Follow if you liked it.
DFM:DFMGILong
by stalkstock
Dubai Financial Market - In cycle?The index is in short term up trend but stuck in a range for the last 1 week. As we can see the rally started from the low of 1680 area and made a high of 2039.64, if we closely count the period its taking to make new highs and retracements it gives me a cycle of 7 days up and 5 days correction. IF we go with this cycle it can potentially give a breakout on sunday or monday on either sides. Since we are on a short term uptrend i am biased on the upside. Also to make a note that its taking support at 38.2% FIB levels as of now. Next Immediate support level is 1820 area lets wait and watch the market to decide on the direction. My positions are still open and will decide upon the breakout. Happy Trading Hit like & follow
DFM:DFMGILong
by stalkstock
Dubai Financial Market - More up? The market sell off yesterday with most of the stocks making a daily limit down of 5 % with fears of current virus conditions on the economy more pressure came as saudi markets opened in red and sold off. With todays closing in DFM it have found support at fib level of 38.2% retracemnt from the recent highs. The current short term trend of the index is up trend making higher highs. In a trending market a correction of 38.2% or 50% of previous rally is considered as a healthy correction. Now the question is after this beautiful hammer candle at the support level are we going down or up ? in my opinion we need a confirmation candle to move more upside, If we can close anywhere between or above 1980 to 1985 tomorrow would be considered as strong signal to move more upward anything below would be a weak signal. I didnt close my positions in yesterdays panic selling as i knew we can expect a short correction. So i will be looking to sell later this week or next. Happy trading :)
DFM:DFMGILong
by stalkstock
Elliott wave in 1day chart. Is this time to exit?Kindly follow for daily new ideas.💡 feel free to contact in Personal if you have any doubts. I’ll always help for free. :) . Impulsive Elliott wave in 1day chart of Bitcoin/USDT . If you’re long term hodler, You do not need to worry because on weekly chart it is still on 1st wave. (yes, this is good news ;) ) This is a simple yet advanced level technical analysis for BTC . As i said stop loss at 6500 is more safer than 6800. Can you guess the reason? i’ll write in comments.
by Harshgp
1
Arabtec - ArtcIt has almost broken the trendline, i am still holding the position from last week and currently in red. If the market is positive i will try to offload my position even at breakeven. This is the reason jumping into the markets without a plan is risky artc was not in my plan and i just picked it up out of hype. I dont like to trade against the trend and this is one mistake as a trader which i am kinda regretting as of now. Never the less lesson learnt again!! Hit like & Follow :)
ALong
by stalkstock